ADC Coalition Slams Tinubu Over Cancellation of NNPC’s Legacy Debts
President Bola Tinubu approved the cancellation of massive debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account. This decision erased about $1.42 billion and N5.57 trillion in legacy obligations. Officials presented these details to the Federation Account Allocation Committee (FAAC) recently. The debts stemmed from production sharing contracts, domestic…